<\/p>\n
Ethereum slid ~5% toward $1.9k as whale selling and ETF outflows hit sentiment, despite bullish RSI divergence hinting at a potential reversal.<\/p>\n
<\/p>\n
Ethereum (ETH) traded near a critical support level as large holders sold significant amounts of the cryptocurrency, creating downward pressure despite technical indicators suggesting a potential reversal, according to market data and on-chain analytics.<\/p>\n
<\/p>\n
The cryptocurrency displayed bullish divergence on 12-hour charts, with the Relative Strength Index making a higher low while the price established a lower low over the prior month. This technical pattern typically precedes price reversals in traditional technical analysis.<\/p>\n
However, substantial selling activity by large holders has complicated the technical outlook. A major wallet address sold a substantial amount of Ethereum in a concentrated period, according to blockchain data. Another dormant whale address transferred coins to an exchange after remaining inactive for years, a movement typically associated with selling intentions. Ethereum co-founder Vitalik Buterin also sold a notable amount over recent days, data showed.<\/p>\n
BitMine Immersion Technologies moved counter to the broader trend, substantially increasing its Ethereum holdings to represent a notable share of circulating supply, according to company disclosures. The firm maintains a large staked position generating annualized yield and completed a major purchase last week. The company has publicly stated an acquisition target that would capture a meaningful share of total supply.<\/p>\n
Traditional financial institutions showed opposite behavior. Ethereum exchange-traded funds posted consecutive weeks of net outflows, indicating capital exiting these regulated investment products, according to fund flow data.<\/p>\n
On-chain metrics presented mixed signals. New wallets received materially higher-than-normal inflows, whale inflows spiked well above average levels, and top profit-and-loss wallets added sizable amounts, blockchain analytics firms reported. The combination of ETF outflows and major whale selling has kept downward pressure on the price in the near term.<\/p>\n
The cryptocurrency\u2019s price trajectory depends on whether current support levels hold, analysts noted. A daily close below the key support level would invalidate the bullish divergence pattern and expose lower support zones. Technical analysts identified a downside scenario involving continued large holder selling, ongoing ETF outflows, and absent buying interest until a lower level triggers capitulation selling.<\/p>\n
The alternative scenario requires the support level to hold, followed by a reclaim of recent consolidation highs, which would signal a reversal pattern and open movement toward the next technical resistance level, according to chart analysis.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Ethereum slid ~5% toward $1.9k as whale selling and ETF outflows hit sentiment, despite bullish RSI divergence hinting at a potential reversal. Summary ETH trades around $1.9k with key support…<\/p>\n","protected":false},"author":1,"featured_media":15504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22746"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22746\/revisions"}],"predecessor-version":[{"id":22747,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22746\/revisions\/22747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15504"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}